Seriously, this information is going to make the aussie bulls go ...........".yeah baby!"...........................and its going to make the aussie bears go '........................"yeah Baby." Why dont we just abort the whole damn currency and replace it with whatever Iran uses. Seriously, at least we will have some serious volatility. This aussie dollar now moves like molasses in the wintertime. Delegate this currency back to the minors and prop up someone elses worthless currency for a change. Hey, why not give some Indonesian currency a chance. They work hard. let them enjoy some buying power.....................which we all know the world bank can bestow on any country at any time it likes. Paying it back? Whats that? You know how 50 is the new 40, and orange is the new black. Well, defaulting is the new "rebuilding and starting fresh"! Been that way for how many yrs now, with half of these African countries? In fact over 1/2 the countries we lend to never seem to ever repay anywhere near the full amount. Is it sorta like real estate investing in the usa? You buy a home with no credit and 1% down, and if you can flip it for 10% profit by next month fine, if not, just keep missing payments until you default. Start anpother company with another name, same process...wash, rinse and repeat. And we are all working for a living? Are we idiots?
Australian PCI: Slowest construction decline since mid-2010
The national construction sector recorded its strongest reading in almost three and a half years in September following a return to growth in the house building and apartment building sub-sectors. Despite the encouraging 3.9 points lift to 47.6, the Australian Industry Group/Housing Industry Association Australian Performance of Construction Index (Australian PCI®) remained shy of the critical 50 points break even mark. In September, growth in new orders drove an expansion in activity for the first time since April 2010. The activity sub- index was 8.0 points higher than the previous month and at 51.9 ends forty ... (full story)